Apple (AAPL) Offering Possible 20.48% Return Over the Next 24 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $185.00 short put and a strike $175.00 long put offers a potential 20.48% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $185.00 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $8.30 would be incurred if the stock dropped below the $175.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Apple is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Apple is bullish.

The RSI indicator is at 64.34 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Apple

[$$] Smartphone addiction: big tech’s balancing act over responsibility and revenue
Mon, 23 Jul 2018 04:00:27 +0000
has to strike a delicate balance between addressing screen addiction and admitting that his company might be to blame for it. “Empowering people with the facts [will enable them] to decide for themselves how they want to come back, or if they want to come back [at all],” Mr Cook said.

[$$] China Targets Apple With Push Into Advanced Smartphone Screens
Mon, 23 Jul 2018 00:42:01 +0000
CHENGDU, China—China’s campaign to become a global power in advanced manufacturing is playing out at a high-tech factory in Sichuan province, where engineers are aiming to supply display screens for Apple Inc.’s top-tier iPhones. BOE Technology Group Co. plants already make display screens for Apple’s iPads and MacBook computers, and the company is also the world’s top producer of large liquid crystal screens. Now it is seeking to supply Apple with advanced organic light-emitting diode, or OLED, smartphone screens, according to people familiar with the plans.

[$$] Apple Fixed the MacBook Keyboard, But It’s Only For Pros
Mon, 23 Jul 2018 00:41:47 +0000
A good keyboard somehow disappears, like you’re mind-melded with your PC. Emily Prapuolenis/The Wall Street Journal The new MacBook Pro’s keyboard is quieter than the previous model, losing some of the high-end thwacking of the keys. The five rows of keys look virtually identical to last year’s model, but Apple is calling this its third-generation “butterfly” keyboard. Apple says the big difference is that it’s quieter.

Goldman Sachs Really Doesn't Like Apple's Stock
Sun, 22 Jul 2018 19:09:00 +0000
The investment bank reiterated a $164 price target on the tech giant Friday, projecting 12-month downside risk of 14.5%. Goldman said downside risks on Apple include weakening iPhone demand, pressure on gross margins and large and dilutive acquisitions. Picking apart Goldman's model (see below), it appears it's concerned about Apple's average selling prices and less enthusiastic on profit margins relative to most on Wall Street for the September quarter.

This Is How Apple Shares Have Moved After Earnings
Sun, 22 Jul 2018 14:00:00 +0000
We're still in the early innings of earnings season, but thus far the handful of Apple related names which have reported provided solid numbers for the market to consider. Then again, the market reaction to strong numbers from Skyworks Solutions has not been so positive for the stock.

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